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InterRent Real Estate Investment Trust (IIPZF)

OTC Markets OTCPK - OTC Markets OTCPK Delayed Price. Currency in USD
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8.90-0.11 (-1.25%)
As of 02:56PM EDT. Market open.

InterRent Real Estate Investment Trust

485 Bank Street
Suite 207
Ottawa, ON K2P 1Z2
Canada
613 569 5699
https://www.interrentreit.com

Sector(s)Real Estate
IndustryREIT - Residential
Full Time Employees

Key Executives

NameTitlePayExercisedYear Born
Mr. Michael Darryl McGahanExecutive Chairman562.88kN/A1964
Mr. Bradley Cutsey C.F.A.President, CEO & Trustee1.09MN/A1973
Mr. Curt Millar C.A., CPAChief Financial Officer554.66kN/AN/A
Mr. Dave Nevins C.P.M.Chief Operating Officer483.27kN/AN/A
Mr. Asad HanifVice President of Acquisitions276.84kN/AN/A
Mr. Will ChanChief Information OfficerN/AN/AN/A
Renee WeiDirector of Investor Relations & SustainabilityN/AN/AN/A
Mr. Chris WilloughbyVice President of Marketing149.01kN/AN/A
Ms. Catherine HebertChief Talent OfficerN/AN/AN/A
Mr. Craig Alexander StewartVice President of FinanceN/AN/AN/A
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

InterRent?REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution?through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within?markets that have exhibited stable market vacancies,?sufficient suites available to attain the critical mass necessary to implement?an efficient portfolio management structure, and?offer opportunities for accretive acquisitions. InterRent's primary objectives are to use the proven industry experience of the Trustees,?Management and Operational Team to: (i)?to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii)?to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii)?to maintain a conservative payout ratio and balance sheet.

Corporate Governance

InterRent Real Estate Investment Trust’s ISS Governance QualityScore as of May 1, 2024 is 9. The pillar scores are Audit: 2; Board: 9; Shareholder Rights: 8; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.